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One-time New Jersey Gov. Jon Corzine is among the former MF Global executives who will shell out nearly $65 million to settle claims they lied to investors about the company's financial stability. (Credit: AP)

MF Global Execs Strike $65M Deal To Settle Investors' Claims

Former New Jersey Gov. Jon Corzine and other former MF Global executives will pay $64.5 million to settle claims that they swindled investors by touting the brokerage's financial health before its fall 2011 collapse, during which $1.6 billion worth of customer money went missing, according to a Tuesday filing.

  • En Banc 9th Circ. Loosens FCA’s Original Source Requirement

    The Ninth Circuit on Tuesday reversed a dismissal of consolidated False Claims Act suits brought by whistleblowers against Kinetic Concepts Inc., overturning 23 years of precedent by ruling en banc that it doesn’t matter whether whistleblowers also played a role in the public disclosure of their claims.

  • Canadian Authorities Say Silver Co. Owes $567M In Taxes

    Silver Wheaton Corp., a Vancouver-based silver company, said Monday that Canada’s tax administrators had proposed increasing the firm’s tax liabilities by some CA$715 million ($567 million) for 2005 through 2010 because of its transfer-pricing practices.

  • Stiffed By 'The Situation,' Atty Wants Out Of Tax Fraud Case

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  • EU Lawmakers Begin TTIP Debate Amid Arbitration Scrutiny

    The European Parliament on Tuesday began debating a resolution that will outline its priorities for the Transatlantic Trade and Investment Partnership talks with the U.S., where much of the discussion is likely to center on crafting a new approach to the investor-state dispute settlement mechanism.

  • Carnival Set To Cruise To Cuba Following OK From US

    Carnival Corp. said Tuesday it will begin cruises to Cuba from Miami in May 2016 as part of a new social impact travel brand now that the U.S. government has given the company approval to take travelers to the once off-limits island.

  • AstraZeneca, Cephalon Pay $54M To End Medicaid Rebate Row

    AstraZeneca LP and Cephalon Inc. have agreed to pay $46.5 million and $7.5 million, respectively, to resolve claims brought by a whistleblower in a False Claims Act suit accusing the drugmakers of knowingly underpaying for rebates owed to the Medicaid Drug Rebate Program, federal prosecutors announced on Monday.